Culleton Will 'Call Matter To The Senate' To Fight Bankruptcy Order

'You just executed me, your Honour.'

Senator Rod Culleton has been declared bankrupt by a Federal Court in Perth on Friday which could see him lose his senate position, however he claims he will fight it in the senate instead.

Former Wesfarmers boss and creditor Dick Lester filed a lawsuit against the Western Australian Senator to declare him bankrupt this year, which was won on Friday afternoon.

Senator Culleton could lose his senate spot, as section 44 of the constitution states a senator who is declared bankrupt or insolvent cannot serve. However the judge granted a 21-day stay on the order which gives Culleton some time.

But the former One Nation senator -- who resigned from the party this week -- reportedly yelled at the judge in Perth, saying he would call the matter to the senate to deal with it.

Here are just some of Culleton's statements to the judge after the ruling:

"I'm bleeding here... You just executed me, your Honour, before I bleed to death."

"I'm going to call this matter to the Senate."

(The next sitting day in the Senate is not until February 7th, which is in more than 21 days time.)

Here is what Culleton told media outside the court, following the ruling:

"I am just in a legal rip. I will just float on my own for a while and swim to the side."

"I will consider my position. We have still got legal avenues. We can appeal ... I can still stand as a senator and I will fight it to the end."

Culleton told reporters he would also appeal the ruling and take the matter to the High Court.